Savings and Financial Security
Since its founding more than three decades ago, CFED has consistently witnessed the power of even minimal savings to transform lives. Every day we see evidence that when given the opportunity, low- and moderate-income households will not only save, but will use those savings to invest in long-term assets that create pathways to financial security. The Savings & Financial Security Program at CFED focuses on social innovations that help low-income individuals and families protect and build assets. Our efforts include support for matched savings programs that encourage adults and children to save, such as Individual Development Accounts and Children’s Savings Accounts; programs to support low- and moderate-income entrepreneurs; efforts to help the unbanked and underbanked enter the financial mainstream; and initiatives aimed at improving the asset-building potential of manufactured homes.